Question: Five Excel spreadsheets are provided on Connect for assistance in solving the chapter problems. 1. The Always Fresh Grocery Store carries a particular brand of

Five Excel spreadsheets are provided on Connect for assistance in solving the chapter problems. 1. The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics: Sales = 8 cases per week Ordering cost = $10 per order Carrying charge = 20 percent per year Item cost = $80 per case a. How many cases should be ordered at a time? b. How often will tea be ordered? c. What is the annual cost of ordering and carrying tea? d. What factors might cause the firm to order a larger or smaller amount than the EO
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